Help Sav Forester Company has five products in its inventory, Information about the December 31, 2018, inventory follows. Unit Replacement Selling $18 $22 14 19 16 1,000 909 1,080 900 10 18 The cost to sell for each product consists of a 10 percent sales commission. The normal profit percentage for each product is 40 percent of the selling price. Required: 1. Determine the carrying value of inventory at December 31, 2018, assuming the lower of cost or market (LCM) rule is applied to individual products. 2a. Determine the carrying value of inventory at December 31. 2018, assuming the LCM rule is applied to the entire inventory 2b. Assuming inventory write-downs are usual business practice for Forester, record any necessary year-end adjusting entry Complete this question by entering your answers in the tabs below. Req 1Req 2A Req 28 Prev 2013 Next >